Investor sought for troubled Częstochowa PESC

"This is very good news for us, as gaining a strategic investor will ensure we have a future," said Jacek Babicz, PESC management board member. The company fell into serious financial difficulties when the previous management board ran up debts to the tune of zł.80 million. "Regardless of the situation it has found itself in, the enterprise might be an interesting acquisition due to the fact that it provides heat for almost the entire city and surrounding areas," said Maciej Sankowski from the interdepartmental energy team. Potential investors might bid for at least a 10% stake in the firm with a 15% stake reserved for some of the employees. (Parkiet, p. 5; Puls Biznesu, pp. 1, 8) M.M.